Olivia S. Mitchell, P. Brett Hammond, and Stephen P. Utkus (eds)

Business and Management, Pensions and Pension Management, Finance, Accounting, and Banking

As the world’s population lives longer, it will become increasingly important for plan sponsors, retirement advisors, regulators, and financial firms to focus closely on how older persons fare in the ...
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As the world’s population lives longer, it will become increasingly important for plan sponsors, retirement advisors, regulators, and financial firms to focus closely on how older persons fare in the face of rising difficulties with cognition and financial management. This book offers state-of-the-art research and recommendations on how to evaluate when older persons need financial advice, help them make better financial decisions, and to identify policy options for handling these individual and social challenges efficiently and fairly. This latest volume in the Pension Research Council series draws lessons from theory and practice, and will be of interest to employees and retirees, consumers and researchers, and financial institutions working to design better retirement plan offerings.Less

Financial Decision Making and Retirement Security in an Aging World

Published in print: 2017-10-05

As the world’s population lives longer, it will become increasingly important for plan sponsors, retirement advisors, regulators, and financial firms to focus closely on how older persons fare in the face of rising difficulties with cognition and financial management. This book offers state-of-the-art research and recommendations on how to evaluate when older persons need financial advice, help them make better financial decisions, and to identify policy options for handling these individual and social challenges efficiently and fairly. This latest volume in the Pension Research Council series draws lessons from theory and practice, and will be of interest to employees and retirees, consumers and researchers, and financial institutions working to design better retirement plan offerings.

Edith Penrose was a creative thinker, a distinguished economist, and an inspirational teacher who profoundly challenged the prevailing orthodoxy in several fields, including micro-economics, business ...
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Edith Penrose was a creative thinker, a distinguished economist, and an inspirational teacher who profoundly challenged the prevailing orthodoxy in several fields, including micro-economics, business studies, and development economics. Her major contribution to the field of economics was The Theory of the Growth of the Firm (1959), now regarded as a classic that has ‘inspired thinking in strategy, entrepreneurship, knowledge creation, and innovation’. Edith Penrose’s approach to explaining the nature of the firm, her fundamental insights, and the concepts she developed are still being applied and extended to new fields of enquiry. She has had a major influence on the study of the business enterprise and, some argue, the economy itself. She had a distinguished academic and public service career and wrote over 100 books and articles, many of which are devoted to the understanding of the interface between the strategies and activities of multinational enterprises, including the oil industry, and the nation states—particularly the developing countries—in which they operated. This is the first biography of Edith Penrose drawing on unpublished diaries and letters, the personal memories of her family, friends, and colleagues, and describes her eventful life, her extensive output, and influence. The book tells her personal and professional story, weaving through the extraordinary upheavals of the twentieth century in which she played a part. The book builds a picture of a vital, energetic woman who lived life to the full, defied convention, made an impression on all who met her, and left a significant intellectual legacy.Less

No Ordinary Woman : The Life of Edith Penrose

Angela Penrose

Published in print: 2017-10-26

Edith Penrose was a creative thinker, a distinguished economist, and an inspirational teacher who profoundly challenged the prevailing orthodoxy in several fields, including micro-economics, business studies, and development economics. Her major contribution to the field of economics was The Theory of the Growth of the Firm (1959), now regarded as a classic that has ‘inspired thinking in strategy, entrepreneurship, knowledge creation, and innovation’. Edith Penrose’s approach to explaining the nature of the firm, her fundamental insights, and the concepts she developed are still being applied and extended to new fields of enquiry. She has had a major influence on the study of the business enterprise and, some argue, the economy itself. She had a distinguished academic and public service career and wrote over 100 books and articles, many of which are devoted to the understanding of the interface between the strategies and activities of multinational enterprises, including the oil industry, and the nation states—particularly the developing countries—in which they operated. This is the first biography of Edith Penrose drawing on unpublished diaries and letters, the personal memories of her family, friends, and colleagues, and describes her eventful life, her extensive output, and influence. The book tells her personal and professional story, weaving through the extraordinary upheavals of the twentieth century in which she played a part. The book builds a picture of a vital, energetic woman who lived life to the full, defied convention, made an impression on all who met her, and left a significant intellectual legacy.

In less than three decades, Nokia emerged from Finland to lead the mobile phone revolution. It grew to have one of the most recognizable and valuable brands in the world and then fell into decline, ...
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In less than three decades, Nokia emerged from Finland to lead the mobile phone revolution. It grew to have one of the most recognizable and valuable brands in the world and then fell into decline, leading to the sale of its mobile phone business to Microsoft. This book explores and analyzes that journey and distills observations and lessons for anyone keen to understand what drove Nokia’s amazing success and sudden downfall. It is tempting to lay the blame for Nokia’s demise at the doors of Apple, Google, and Samsung, but this would be to ignore one very important fact: Nokia had begun to collapse from within well before any of these companies entered the mobile communications market, and this makes Nokia’s story all the more interesting. Observing from the position of privileged outsiders (with access to Nokia’s senior managers over the last twenty years and a more recent, concerted research agenda), this book describes and analyzes the various stages in Nokia’s journey. This is an inside story: one of leaders making strategic and organizational decisions, of their behavior and interactions, and of how they succeeded and failed to inspire and engage their employees. Perhaps most intriguingly, it is a story that opens the proverbial “black box” of why and how things actually happen at the top of organizations. Why did things fall apart? To what extent were avoidable mistakes made? Did the world around Nokia change too fast for it to adapt? Did Nokia’s success contain the seeds of its failure?Less

Ringtone : Exploring the Rise and Fall of Nokia in Mobile Phones

Yves DozKeeley Wilson

Published in print: 2017-11-02

In less than three decades, Nokia emerged from Finland to lead the mobile phone revolution. It grew to have one of the most recognizable and valuable brands in the world and then fell into decline, leading to the sale of its mobile phone business to Microsoft. This book explores and analyzes that journey and distills observations and lessons for anyone keen to understand what drove Nokia’s amazing success and sudden downfall. It is tempting to lay the blame for Nokia’s demise at the doors of Apple, Google, and Samsung, but this would be to ignore one very important fact: Nokia had begun to collapse from within well before any of these companies entered the mobile communications market, and this makes Nokia’s story all the more interesting. Observing from the position of privileged outsiders (with access to Nokia’s senior managers over the last twenty years and a more recent, concerted research agenda), this book describes and analyzes the various stages in Nokia’s journey. This is an inside story: one of leaders making strategic and organizational decisions, of their behavior and interactions, and of how they succeeded and failed to inspire and engage their employees. Perhaps most intriguingly, it is a story that opens the proverbial “black box” of why and how things actually happen at the top of organizations. Why did things fall apart? To what extent were avoidable mistakes made? Did the world around Nokia change too fast for it to adapt? Did Nokia’s success contain the seeds of its failure?

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